85% LTV at 3.5% & 14.27% Cash on Cash | 4124 Lyon ave
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85% LTV at 3.5% & 14.27% Cash on Cash 4124 Lyon ave
8 Unit Block of Flats £3,125,888 (£390,736/Unit) 6.72% Net Initial Yield Oakland, CA 94601
Investment Highlights
- 85% LTV, Interest Only at 3.5% Seller Carry Loan Available
- Seismically Retrofitted and High End Finishes Inside & Outside
- 14.27% Cash on Cash Upon Lease Up
- Brand New 2023 Construction Means No City Rent Control, Rent Board Fees, or Maintenance/Repairs Required
- Each Unit Features Modern Fixtures, Stainless-Steel Appliances, Dual Pane Windows & Large Private Patios
- Delivered 100% Occupied at Market Near Rents!
Executive Summary
The Lyon Avenue Residences is a brand new eight unit multifamily property centrally located in the Jefferson neighborhood of Oakland, CA. The building features an ideal mix of four 3bd/1.5bth and four 4bd/1.5bth, totaling 9,052 SF of rentable space. The property will be delivered 100% OCCUPIED and exempt from local rent control. 4124 Lyon is set on a huge 11,227 SF double-wide lot, featuring five covered carport spaces, three parking stalls, and onsite coin-operated laundry. The property features tastefully modern kitchens, bathrooms, and large private balconies. The building features separate meters for PG&E, and future ownership can take advantage of a RUBS program to further minimize operating expenses.
The Lyon Ave Residences boast an excellent location in Oakland's Jefferson neighborhood. This property is walking distance to prime amenities including Farmer Joe's Marketplace, coffee shops, restaurants, parks and fitness studios. Additionally, the building is only five miles from both Lake Merritt and the Oakland Zoo, providing ample opportunity for recreation. Oakland International Airport is just over a ten minute drive, making this property's location highly convenient and desirable.
EMAIL: INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE
The Lyon Ave Residences boast an excellent location in Oakland's Jefferson neighborhood. This property is walking distance to prime amenities including Farmer Joe's Marketplace, coffee shops, restaurants, parks and fitness studios. Additionally, the building is only five miles from both Lake Merritt and the Oakland Zoo, providing ample opportunity for recreation. Oakland International Airport is just over a ten minute drive, making this property's location highly convenient and desirable.
EMAIL: INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1.5 | 4 | - | 1,050 |
| 4+1.5 | 4 | - | 1,200 |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 032-2069-047-01 | Improvements Assessment | £207,584 |
| Land Assessment | £622,752 | Total Assessment | £830,336 |
PROPERTY TAXES
Parcel Number
032-2069-047-01
Land Assessment
£622,752
Improvements Assessment
£207,584
Total Assessment
£830,336
zoning
| Zoning Code | RM-3 , S-13 (Multiple residential building of 5 or more units.) |
| RM-3 , S-13 (Multiple residential building of 5 or more units.) |
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Power Broker Steven Pinza -
Pinza Group
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85% LTV at 3.5% & 14.27% Cash on Cash | 4124 Lyon ave
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